DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

N•••••• W••••• M•••••••••

Independent wealth managerGreen Bay, WisconsinCRD 283940SEC 801-108012websiteIAPD
Legal name N•••••• A••••••• S•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Jun 16, 2016 · 28 filings
SEC status approved since Aug 5, 2016
RAUM
$4.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
65%
$2.8B individuals and HNW
Advisors
46
registered through the firm on IAPD
RAUM per advisor
$93.3M
derived; firm RAUM over IAPD count
Employees
75
45 advisory (5.B.1)
Offices
13
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$4.3B as of Mar 31, 2026
Mar 28, 2017$140M then
HNW client RAUM$2.1B as of Mar 31, 2026
Mar 28, 2018$189M then
State-registered IARs (5.B.3)40 as of Mar 31, 2026
Mar 28, 201722 then
Employees (5.A)75 as of Mar 31, 2026
Mar 28, 201722 then
Private funds: no history
RAUM +12% over the last fiscal year+14% a year over threeIARs 32 to 40offices 10 to 13
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$93.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
82derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$437,619derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
3.3derived14 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
+25%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.7%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Financial planning clients
4,000reportedItem 5.H
Wrap fee program
$2.9BreportedItem 5.I
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.1B48%
  • Banks and thrifts$1.4B32%
  • Individuals$741M17%
  • Corporations and businesses$81.6M1.9%
  • Charitable organizations$16.8M0.4%
  • State and municipal entities$12.8M0.3%
Individual clients
3,179reported
HNW clients
612reported
Pension plan clients
0reported
Charitable clients
17reported
Accounts
9,812reported
Financial planning clients
4,000reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.65 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=25.0derived
Advisors registered through the firm
46 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A•••••• T• W•••••••Chartered Financial AnalystAppleton, Wi Aug 8, 201617 y1
D••••• L•• G••••••Wausau, Wi Aug 8, 201618 y6
J•••• D••••• J••••••Green Bay, WiAug 8, 201615 y1
K••• E••••• B•••••••Green Bay, WiApr 24, 201720 y2
P•••••• J••••• M•••••Certified Financial PlannerGreen Bay, WiDec 19, 201724 y1
J•••• E••• S•••••••Marinette, WiSep 7, 201820 y0
J•••• D•••••Certified Financial PlannerGreen Bay, Wi Oct 16, 201812 y0
A••••• J••• M•••••Green Bay, WiJan 8, 201913 y3
A••• E• L•••••••Chartered Financial AnalystGreen Bay, WiApr 4, 201923 y1
S•••• L• W•••••••••Certified Financial PlannerGreen Bay, Wi Sep 13, 201921 y1
N••••• W•••• O•••••••Green Bay, WiFeb 19, 202112 y0
J••••• J•••• R••••••Chartered Financial AnalystStevens Point, Wi Jun 1, 202113 y1
S••••• S•••••Green Bay, WiOct 15, 202110 y0
T••••• L•• P••••••Certified Financial PlannerAppleton, Wi Mar 8, 202212 y0
J••••• H•••••Certified Financial PlannerGreen Bay, WiMay 25, 202210 y0
E••• R• M•••••••Certified Financial PlannerGreen Bay, WiSep 26, 202212 y2
B•••• J••••• M•••••••Certified Financial PlannerGreen Bay, WiOct 6, 202241 y2
D••••• J•••• G••••••Green Bay, WiApr 4, 202312 y0
T••••• A• H•••Green Bay, WiMay 11, 202310 y0
D••• M••••••• M••••Chartered Financial ConsultantGreen Bay, WiMay 22, 202314 y2
H•••• C• P••••••Green Bay, Wi Jun 28, 202310 y1
J•••• D•••• L•••••••Green Bay, WiDec 1, 202311 y0
R••••• A•• P••••••••Certified Financial PlannerGreen Bay, WiJan 5, 202414 y0
B••••••• A• S••••Sister Bay, Wi Jan 24, 202411 y1
A•••• M•••••• K•••••• M••••••Sturgeon Bay, Wi May 13, 202427 y0
P••••• D••••• O••••Green Bay, WiAug 7, 202410 y0
I•••• B••••••Petoskey, Mi Jan 24, 202511 y1
E••• C• Z••••Chartered Financial AnalystGreen Bay, WiFeb 14, 202510 y0
P•••• J• S•••••••Chartered Financial AnalystGreen Bay, Wi Feb 27, 202516 y1
A••• J•••• H•••••••••Chartered Financial AnalystGreen Bay, WiMar 5, 202513 y0
J•• H• W••Chartered Financial AnalystEau Claire, Wi May 20, 202511 y0
A••••• R••• M•••••••Certified Financial PlannerGreen Bay, Wi Jun 17, 202511 y0
L•••• J•••• D•••••Green Bay, WiJun 20, 202512 y0
D••••• T••••• M••••••Green Bay, Wi Jan 23, 202610 y0
J••• H••••Green Bay, WiJan 23, 202619 y0
J••••• L••• K••••••••Green Bay, WiFeb 18, 202616 y1
B•••• S•••• M•••••••Dubuque, Ia Feb 20, 202625 y8
S••• A•••• L••••••Certified Financial PlannerGreen Bay, Wi Feb 20, 202623 y0
C••• W••••• T••••Certified Financial PlannerWest Des Moines, Ia Apr 1, 202627 y7
J•••• E••••• M••••••Iowa City, Ia Apr 17, 202610 y1
All 46 advisors at N•••••• W••••• M•••••••••
Advisor movement
2 left, 9 joined in 12 months
net +7 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 4.3% of current headcount15 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • H••••••• J•••••• M• · Chief Compliance Officercontrol
    since 01/2022 · owns less than 5%
  • L•••••••• A•••• E• · Chief Investment Officercontrol
    since 01/2020 · owns less than 5%
  • M•••••• P••••••• J••••• · Presidentcontrol
    since 03/2016 · owns less than 5%
  • M••••• H•• P•••••• · Chief Financial Officercontrol
    since 05/2021 · owns less than 5%
  • T••••••• J•••• M•••••• · Chief Operations Officercontrol
    since 09/2023 · owns less than 5%
Entity owners
  • N•••••• B••••••••• I••• · Sole Member
    direct · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
  • N•••••• N••••••• B•••
    n
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Green Bay, Wi · principal45130
Appleton, Wi410
Iowa City, Ia330
Petoskey, Mi200
Dubuque, Ia220
Sturgeon Bay, Wi200
Marquette, Mi111
S••••Ns Point, Wi101
Neenah, Wi000
Offices
Schedule D 1.F, the 25 largest
  • Appleton, WI4 employees
  • Eau Claire, WI2 employees
  • Sturgeon Bay, WI2 employees
  • Marquette, MI1 employees
  • Petoskey, MI1 employees
  • S••••Ns Point, WI1 employees
  • Marinette, WI1 employees
  • Oshkosh, WI1 employees
  • Wausau, WI1 employees
What changed
consecutive filings, newest first
  • Accounts · 8,809 to 9,812
    Mar 28, 2025 to Mar 31, 2026
  • Advisory employees · 34 to 45
    Mar 28, 2025 to Mar 31, 2026
  • BD registered reps · 26 to 25
    Mar 28, 2025 to Mar 31, 2026
  • Charity clients · 16 to 17
    Mar 28, 2025 to Mar 31, 2026
  • Corporate clients · 51 to 41
    Mar 28, 2025 to Mar 31, 2026
  • HNW clients · 507 to 612
    Mar 28, 2025 to Mar 31, 2026
  • Individual clients · 3,311 to 3,179
    Mar 28, 2025 to Mar 31, 2026
  • Employees · 70 to 75
    Mar 28, 2025 to Mar 31, 2026
  • State-registered IARs · 32 to 40
    Mar 28, 2025 to Mar 31, 2026
  • Other offices · 10 to 13
    Mar 28, 2025 to Mar 31, 2026
  • Discretionary RAUM · $3.8B to $4.3B
    Mar 28, 2025 to Mar 31, 2026
  • HNW RAUM · $1.7B to $2.1B
    Mar 28, 2025 to Mar 31, 2026
  • Individual RAUM · $740M to $741M
    Mar 28, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $1.6M to $1.6M
    Mar 28, 2025 to Mar 31, 2026
  • RAUM · $3.8B to $4.3B
    Mar 28, 2025 to Mar 31, 2026
  • Accounts · 9,297 to 8,809
    Mar 29, 2024 to Mar 28, 2025
  • Advisory employees · 30 to 34
    Mar 29, 2024 to Mar 28, 2025
  • BD registered reps · 21 to 26
    Mar 29, 2024 to Mar 28, 2025
  • Charity clients · 12 to 16
    Mar 29, 2024 to Mar 28, 2025
  • Corporate clients · 26 to 51
    Mar 29, 2024 to Mar 28, 2025
  • HNW clients · 357 to 507
    Mar 29, 2024 to Mar 28, 2025
  • Individual clients · 3,541 to 3,311
    Mar 29, 2024 to Mar 28, 2025
  • Employees · 60 to 70
    Mar 29, 2024 to Mar 28, 2025
  • Financial planning clients · More than 500 to More than 500
    Mar 29, 2024 to Mar 28, 2025
  • State-registered IARs · 26 to 32
    Mar 29, 2024 to Mar 28, 2025
  • Other offices · 9 to 10
    Mar 29, 2024 to Mar 28, 2025
  • Discretionary RAUM · $3.7B to $3.8B
    Mar 29, 2024 to Mar 28, 2025
  • HNW RAUM · $1.5B to $1.7B
    Mar 29, 2024 to Mar 28, 2025
  • Individual RAUM · $698M to $740M
    Mar 29, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $1.4M to $1.6M
    Mar 29, 2024 to Mar 28, 2025
  • RAUM · $3.7B to $3.8B
    Mar 29, 2024 to Mar 28, 2025
  • Accounts · 10,191 to 9,297
    Apr 14, 2023 to Mar 29, 2024
  • Advisory employees · 32 to 30
    Apr 14, 2023 to Mar 29, 2024
  • BD registered reps · 22 to 21
    Apr 14, 2023 to Mar 29, 2024
  • Charity clients · unset to 12.0
    Apr 14, 2023 to Mar 29, 2024
  • Corporate clients · 79 to 26
    Apr 14, 2023 to Mar 29, 2024
  • HNW clients · 351 to 357
    Apr 14, 2023 to Mar 29, 2024
  • Individual clients · 3,925 to 3,541
    Apr 14, 2023 to Mar 29, 2024
  • Assets in custody · 0.0 to unset
    Apr 14, 2023 to Mar 29, 2024
  • Custody of client assets · true to false
    Apr 14, 2023 to Mar 29, 2024
Signals
36 dated events
  • B•••• S•••• M••••••• added a WI registration at N•••••• W••••• M•••••••••
    Sep 15, 2026 · New state registration · fact
  • 4 advisors left L•• F•••••••• L•• (Fort Madison, IA) for N•••••• W••••• M••••••••• within 3 days
    Apr 24, 2026 · Team lift-out · derived
  • J••••• D• B••••••••• left N•••••• W••••• M••••••••• for N••••••••• M••••• I••••••••• S••••••••• (registered 2026-04-23)
    Mar 3, 2026 · Advisor changed firm · fact
  • T••• L••• O••••••• left N•••••• W••••• M••••••••• for U••• B•••••• I••••••••• I••• (registered 2025-11-17)
    Nov 3, 2025 · Advisor changed firm · fact
  • R•••• J••• B••••• left N•••••• W••••• M••••••••• for L•• F•••••••• L•• (registered 2025-10-20)
    Jun 24, 2025 · Advisor changed firm · fact
  • J••••••• D••••• left N•••••• W••••• M••••••••• for W•••• F•••• A••••••• (registered 2025-06-04)
    Mar 27, 2025 · Advisor changed firm · fact
  • J••• M• T•••••• left N•••••• W••••• M••••••••• for T••••••• I••••••••• M••••••••• I••• (registered 2026-08-13)
    Mar 7, 2025 · Advisor changed firm · fact
  • S•••• S• F••••• left N•••••• W••••• M••••••••• for R••••• W• B•••• • C•• I••••••••• (registered 2025-02-06)
    Feb 6, 2025 · Advisor changed firm · fact
  • R•••• P••• S•••••• left N•••••• W••••• M••••••••• for N••••• A••••••• S•••••••• L•• (registered 2025-02-06)
    Nov 19, 2024 · Advisor changed firm · fact
  • C•••• G• S•••• left N•••••• W••••• M••••••••• for W•••• F•••• A••••••• (registered 2024-07-08)
    Jul 10, 2024 · Advisor changed firm · fact
  • R••• J••••• G•••••• left N•••••• W••••• M••••••••• for E••••• J•••• (registered 2024-07-12)
    Jul 1, 2024 · Advisor changed firm · fact
  • D•••••• E••••• M••••• left N•••••• W••••• M••••••••• for E••••• J•••• (registered 2024-06-28)
    Jul 1, 2024 · Advisor changed firm · fact
  • 2 advisors left N•••••• W••••• M••••••••• (Neenah, WI) for E••••• J•••• on the same day
    Jul 1, 2024 · Team lift-out · derived
  • N•••••• W••••• M••••••••• reported RAUM $3.7B, up 25% from $2.9B (2023-04-14 to 2024-03-29)
    Mar 29, 2024 · RAUM change · derived
  • E•••••••• Jill Bobinski (Chief Operations Officer) no longer on Schedule A of N•••••• W••••• M••••••••• (listed 2023-04-14, absent 2024-03-29)
    Mar 29, 2024 · Control person left · inference
  • M•••••• J••• T•••••• (Chief Operations Officer) appeared on Schedule A of N•••••• W••••• M•••••••••
    Mar 29, 2024 · Control person joined · fact
  • E•••• E•••••••• S•••••• left N•••••• W••••• M••••••••• for A••••••••• I••••••••• S•••••••• I••• (registered 2024-03-01)
    Jan 12, 2024 · Advisor changed firm · fact
  • J•••• T••••• C••••• left N•••••• W••••• M••••••••• for R••••• W• B•••• • C•• I••••••••• (registered 2023-11-09)
    Nov 13, 2023 · Advisor changed firm · fact
  • A••• M•••••• M••••• left N•••••• W••••• M••••••••• for R••••• W• B•••• • C•• I••••••••• (registered 2023-11-09)
    Nov 13, 2023 · Advisor changed firm · fact
  • 2 advisors left N•••••• W••••• M••••••••• (Green Bay, WI) for R••••• W• B•••• • C•• I••••••••• on the same day
    Nov 13, 2023 · Team lift-out · derived
  • A•••• R•••• left N•••••• W••••• M••••••••• for C• A••••••• S••••••• (registered 2023-10-05)
    Oct 30, 2023 · Advisor changed firm · fact
  • R••••• J••••• M•••• left N•••••• W••••• M••••••••• for C••••• H••••• I••••••••• A•••••••• L•• (registered 2023-09-29)
    Oct 6, 2023 · Advisor changed firm · fact
  • J••• E•••••••• B••••••• left N•••••• W••••• M••••••••• for R••••• W• B•••• • C•• I••••••••• (registered 2023-08-08)
    Aug 14, 2023 · Advisor changed firm · fact
  • M••••••• A•• A••••• left N•••••• W••••• M••••••••• for A••••••••• F•••••••• S•••••••• L•• (registered 2024-02-22)
    Jun 22, 2023 · Advisor changed firm · fact
  • P•••••• H. M•••• (Chief Financial Officer) appeared on Schedule A of N•••••• W••••• M•••••••••
    Apr 14, 2023 · Control person joined · fact
  • N•••••• W••••• M••••••••• reported RAUM $2.9B, up 101% from $1.5B (2022-03-31 to 2023-03-31)
    Mar 31, 2023 · RAUM change · derived
  • R••• M•••••• O•••••• left N•••••• W••••• M••••••••• for N••••• A••••••• S•••••••• L•• (registered 2022-10-26)
    Nov 9, 2022 · Advisor changed firm · fact
  • Andrew David Loasby (Chief Compliance Officer) no longer on Schedule A of N•••••• W••••• M••••••••• (listed 2021-03-31, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • M J••••• Hufford (Chief Compliance Officer) appeared on Schedule A of N•••••• W••••• M•••••••••
    Mar 31, 2022 · Control person joined · fact
  • N•••••• W••••• M••••••••• reported RAUM $1.0B, up 47% from $695.4M (2019-10-01 to 2020-03-13)
    Mar 13, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
614-564-5101reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
703-463-2446reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
800-369-0226reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
linkedin.com/company/nicolet-wealth-managementreportedpublic record, Form ADV, Sep 18, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
920-430-1400reportedpublic record, Form ADV, Mar 31, 2026
Contact form
nicoletbank.com/contact-usreportedpublished by the firm, firm site, Sep 17, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$93.3Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026